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RE: Why can Luna be Green in Bear Market? (Terra Chain)

in LeoFinance3 years ago

Don't forget the Cosmos IBC linking with Terra makes it truly solid. I only found out about Cosmos a little over a couple months ago. Talk about me being slow !LOL !PIZZA !LUV

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I am still learning about the specifics of the IBC, but essentially it allows you to interact with other Cosmos SDK-based blockchains NATIVELY, right? Like On OSMO chain for example, from what I can tell, it seems like you can actually send REAL coins from LUNA that are not wrapped, is that right? Or is it just a lower risk form of wrapping? As it stands right now, bridges for other chains are basically 2 chains that are not designed to work with each other just kinda communicating via a rough tool that is practically held together by tape, I hear that bridges often have a lot of risk. So I am assuming the advantage of Cosmos' ecosystem of chains has the advantage of being much safer.

Posted Using LeoFinance Beta

Thank you for the tips btw!

Posted Using LeoFinance Beta